Glossary- Mining Hardware

Various mining hardware: ASIC, GPU, USB miner flat lay

One-sentence definition: Mining hardware is the specialized computer equipment used to solve complex math problems in order to mine Bitcoin and earn rewards. Why it matters: The type of mining hardware you choose directly affects your chances of successfully mining Bitcoin and how much electricity you’ll use. Small miners typically start with a single ASIC … Read more

Beginner Setup Checklist: What do you need to Start Solo-Mining?

Flat lay of beginner mining equipment and checklist

Key Takeaways: Intro: Solo mining requires more than just pointing hardware at a blockchain you need the right equipment, to compete with pool miners worldwide. This checklist will brake down the must-have components you’ll need to start your solo mining journey, from choosing appropriate hardware to counting up the money you would have to invest. … Read more

What are the chances of mining a block with a mini-miner?

USB miner next to Bitcoin coin with dice suggesting probability

Key Takeaways: Mini-miners have extremely low chances of mining a Bitcoin block due to their tiny hashrate compared to the global network Solo mining with a mini-miner is more like a lottery ticket than a reliable income source Understanding the math behind mining odds helps set realistic expectations for hobbyists Introduction Mini-miners are small, low-power … Read more

Glossary-Pool Mining

Isometric view of mining nodes connected to central pool

One-sentence definition:Mining hardware joined together and if a block is found then the reward is split between the miners depending how much effort was put in. Why it matters: Pool mining matters because even smaller miners can join it, while solo miners put in a lot of effort to get a chance of 1 in … Read more

Glossary- Hashrate

Monitor showing hashrate performance charts

One-sentence definition:The Hashrate is how often a miner can guess the hash Why it matters (2–3 sentences):The hashrate basically decides your chances of guessing the hash. The higher the hash rate, the higher your chances are of guessing it correctly Example (1 sentence):Depending on what your hashrate is you can guess hashes faster Links (internal):

What is solo mining and how does it work?

Pickaxe striking a glowing golden block in digital landscape

Introduction Most people think solo mining is a reliable way to make money by doing nothing, although it’s not very safe to do and doesn’t always have to be profitable. We are going to get into the risks of solo mining, how it works and some differences between different types of bitcoin mining How does … Read more

Glossary- Hash

Hexadecimal hash function visualization

One-sentence definition:A Hash is an algorithm that verifies that a block is valid. Why it matters: A hash is important because it verifies the integrity of the block. Without it, the mining system wouldn’t work. Example:In a block in the blockchain, every block needs a number to verify it. Links (internal):